Disruptive Technology Introduction

Disruptive technology refers to innovations that significantly alter or replace existing markets and industries. These technologies often start at a lower performance level but improve rapidly, eventually displacing established competitors. Classic examples include personal computers disrupting typewriters and smartphones replacing traditional phones. Disruptive technologies typically offer increased accessibility, affordability, or convenience, leading to shifts in consumer behavior and business practices. While they can threaten established firms, they also create new opportunities and markets, driving overall progress and economic growth. Understanding this concept helps individuals anticipate changes in various sectors and adapt to new realities.